Update on AAPL

Apple (ticker: AAPL) has had a weird 2021, we saw all time highs hit in late January at $143, followed by a pullback that's kept it trading in the $120-130 range (even though they hit some amazing quarterly figures). My gut is telling me that AAPL is ready to run and I'm still very aggressive here. 

The months of July and August have been particularly good for Apple stock in the past 10 years, that of course is not a guarantee of future growth but its a decent indicator, right? For AAPL, the big events of the year tend to be the new iPhone launch in September and the holiday shopping season. We are still about 3 months away from a new phone launch but excitement will eventually build. 

Also, heard a crazy stat regarding AAPL and their ROCE... Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

Apple has an ROCE of 39%. Ridiculous number that destroys the average of 6.1% earned by other companies in the industry. Impressive. 

$170 by year end. Leverage up. 

What to Expect in June

Historically, June is one of the worst months for the stock market in history. However the last 4 years have seen us end June on a positive note. 

A couple weeks ago I posted my prediction that we would see a massive return to the Nasdaq by late May and we have seen a small rip leading us into June. If we are going to test our April tech highs anytime soon, this would be the time. I think the next week or so will be choppy, but on the upward trend. I'm positioning my TQQQ swings towards a record Nasdaq high by late June. An ambitious call but I feel it in my gut. 

Let's see what happens. Good luck.